British Prime Minister Liz Truss has appointed Kwasi Kwarteng as the country’s next finance minister.
Former UK Finance Minister Rishi Sunak Was Known To Be Pro-Cryptocurrency
The ruling Conservative Party on Monday elected Truss as the party’s leader and the country’s prime minister. Johnson was forced to resign earlier this year after his government turned against him. One of Truss’ first duties will be to choose his cabinet.
Kwarteng supported Truss’s campaign and currently serves as secretary of state for business, energy and industrial strategy. As the new head of the Treasury Department, Kwarteng will have to contend with high inflation and recession.
Kwarteng, Truss’ ideological partner, said his government could borrow more to support households and businesses with their energy bills, but would continue to act responsibly to public finances.
Before resigning from government in July, former UK Finance Minister Rishi Sunak said the country was in a shambles. cryptocurrency There were plans to turn it into a center.
What Are the New Finance Minister’s Views on Cryptocurrency?
It is unclear to what extent Kwarteng supports Sunak’s vision of crypto for the country. However, in a June 2021 report, the department that Kwarteng headed described Blockchain systems as one of “seven technology families that will transform their economies in the future.”
Kwarteng’s previous department announced in July a £53 million (US$61.3 million) fund to support technological innovation, including the use of Blockchain in supply chains.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!